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France backs India’s call for a permanent seat in UN Security Council

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By NewsGram Staff Writer

During a session of General Assembly, commemorating the 70th anniversary of World War II, France has extended its support for India’s permanent membership in the United Nations Security Council. France has declared that it is “vital” and “urgent” to expand the Security Council’s permanent membership to include India, in order to strengthen the legitimacy of the UN in today’s changed world.

“France favors enlarging the Security Council’s both categories of membership, permanent and non-permanent, and supports Germany and Japan, which deserve relief (from the burden of their World War II roles) today, but also India, Brazil and African representation,” said France’s Permanent Representative Francois Delattre.

Through this initiative, France has backed India’s voice to get a permanent seat in the Security Council. During his three-nation tour last month, Prime Minister Narendra Modi had made a strong pitch for a permanent seat for India in the UN Security Council.

Delattre also focused on the need for Security Council reform. He stated that the second world war made us aware that our capacity for action is related to the legitimacy of our institutions. He further added, “The reform of the Security Council in this respect is more than important, it is urgent, I would say even vital.”

“It is a fact that deserves to be repeated: 70 years after the creation of the United Nations, our world in 2015 does not have much in common with that of 1945,” he said.

Bhagwant S Bishnoi, India’s Deputy Permanent Representative, said, “As we commemorate the end of the Second World War, we also need to take stock of the health of the institutions of global governance that were established in its wake.”

India’s Deputy Permanent Representative in his speech to the General Assembly had quoted Ugandan President, Yoweri Museveni, and said that Museveni noted that most of the fundamental structures created after World War II by the victorious powers remain unchanged.

Bishnoi also added, “This meeting, therefore, also presents a useful opportunity to underline the need to address what President Museveni referred to as ‘the structural deficiency in the architecture for global security.'”

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Microsoft Ready to Help Indian Startups, Says President Anant Maheshwari

Microsoft is focused as much on selling third party solutions as their own, and this co-sell motion has helped generate $8 billion in revenue for partners within 18 months

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FILE - Microsoft Corp. signage is seen outside the Microsoft Visitor Center in Redmond, Washington, July 3, 2014. VOA

Armed with a cutting-edge technology platform, a well-established partner organisation and an expansion of M12 venture fund, Microsoft is ready to help Indian startups across the spectrum embrace the next phase of growth, Anant Maheshwari, President, Microsoft India, said here on Monday.

India, which saw a tremendous growth in the startup space in the last couple of years, is now witnessing a growth in the business-to-business (B2B) tech startups coming up with innovative ideas to deal with local problems.

“With our intelligent tech expertise, deep focus on trust and unique global go to market partnering, we empower unicorns and startups to scale sustainably at a global level,” said Maheshwari.

“We remain excited about India’s entrepreneurial startup potential and will continue to accelerate it as a growth engine for the economy,” he added.

India witnessed a dramatic rise of eight unicorns in 2018 from among the start-ups across verticals as against a mere nine in six years from 2011 till 2017, according to IT industry apex body Nasscom.

The start-ups joining the select club for their valuation over $1 billion are Oyo Rooms (hospitality), Zomato and Swiggy (food delivery), Udaan (retailer marketplace), Byju’s, (edu-tech), Paytm Mall (e-tail), Freshworks (software programmer) and Policybazaar (digital insurance).

Maheshwari said Microsoft is uniquely positioned to support Indian startups to achieve scale and evolve from market ready to enterprise ready.

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A man walks past a Microsoft sign set up for the Microsoft BUILD conference at Moscone Center in San Francisco, April 28, 2015. VOA

The introduction of M12, Microsoft’s venture fund, in India in February is creating new value for startups, VCs and the company itself to maintain the pace and direction of innovation.

“M12 is looking at investing in innovators who have aligned their focus on cutting-edge technologies that better enable digital transformation. The portfolio development team at M12 is specifically built to help support and scale companies by leveraging the expansive resources of Microsoft,” said the company.

According to reports, venture capital investments in Indian tech business-to-business (B2B) start-ups have been trending upwards, with over $3.09 billion raised in equity funding across 415 deals in 2018 — 28 per cent more than $2.41 billion in 2017.

Also Read: Facebook’s Push to Become China’s WeChat May Kill it

Under the “Microsoft for Startups” initiative, startups can co-sell with Microsoft sales teams, get access to top tech VCs in the global arena and mentorship from industry veterans.

In less than 18 months, Microsoft for Startups has closed more than 120 co-sell deals with more than $126 million in active pipeline for startups.

Microsoft is focused as much on selling third party solutions as their own, and this co-sell motion has helped generate $8 billion in revenue for partners within 18 months. (IANS)